Dow Jones Futures: a stress test in your portfolio; Apple and New Flash sell signals; Roku performs engine earnings

Dow Jones futures fell slightly Thursday night, along with S&P 500 futures and Nasdaq futures. Year (Public), Trade office (TTD) And the Applied materials (AMATHeadlines for earnings Thursday evening.

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The stock market rally suffered again steep losses in growth stocks but came from their lows. As the market fluctuates, investors should pressure to test their portfolios.

Roku’s earnings came as a surprise, while Trade Desk and Applied Materials also outperformed the views. Roku stock changed slightly and the Trade Desk declined slightly while AMAT stock appeared overnight near record highs.

GameStop Stock Frenzy Hearing

A Congressional hearing on the GameStop stock frenzy was held on Thursday. Aside from the scene of watching elderly politicians ask questions about the brief pressure mania fueled by social media, hearing GameStop sounded like old news.

GME shares fell 11% to 40.69. This is now 92% lower than the January 28 high at 383. Volume is lower, especially the daily dollar volume, as Reddit traders look to the next meme stock. GME shares were staggering while its decline was inevitable.

Today’s stock is in the buying zone at the end of the Fed’s sanctions period

The struggle against recent breakthroughs

While the stock market rally is resisting a major downturn for the time being, investors may want to be more defensive. One reason is that many of the recent buying opportunities are not working, incl Apple, city, cat (AAPL), New (NIO), DataDog (dog) And the Palantir Technologies (PLTR).

Apple’s stock was down more than 7% -8% from 138.89 Point purchase, While also breaking below the 50 day and 10 week streaks. Datadog stock also triggered sell signals, despite Thursday’s gains. Nio stock is down more than 7% -8% from a major buy point or subsequent entry from a break of a downtrend. Palantir stock, which has surged twice noticeably after a single buy point, is down 34% over the past six sessions.

Some recent breakthroughs have succeeded, including Microsoft (MSFT), Google parent the alphabet (GOOGL), NVidia (NVDA), ZoomInfo Technologies (day) And the Wells Fargo (WFC), But they generally hold up rather than reinforce. The risk to new purchases was generally weak.

Apple, Microsoft, Nvidia, ZoomInfo and Wells Fargo are up and running IBD Leaderboard. Microsoft stock is on Long-term leaders of IBD. Nvidia and Google Stock are up and running SwingTrader. Google, Nvidia, Trade Desk and AMAT are on the stock exchange IBD 50.

Today’s screen: These mining stocks are making new highs

Dow Jones futures today

Dow Jones futures contracts were 0.35% below fair value. S&P 500 futures fell 0.4% and Nasdaq 100 futures tumbled 0.5%.

Treasury Secretary Janet Yellen late Thursday brought the issue of the Biden stimulus plan again.

Remember to work on overnight Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market Period.

Join IBD experts as they analyze actionable stocks up the stock market on IBD Live.

Coronavirus news

The number of coronavirus cases around the world has reached 110.83 million. Covid-19 deaths topped 2.45 million.

The number of Coronavirus cases in the United States has reached 28.52 million, with the number of deaths exceeding 505,000. Coronavirus cases, hospitalizations and deaths in the United States are rapidly declining.

Novavax (NVAX) It agreed to sell 1.1 billion doses of the Coronavirus vaccine To COVAX, an initiative that aims to distribute vaccines around the world. COVAX leads the Coalition for Pandemic Preparedness Innovations, the World Health Organization and Gavi, the Vaccine Alliance. The Novavax vaccine had high marks in provisional data from the UK experience. But the FDA wants data from a late stage of the US trial before US approval is considered. Novavax shares jumped in late trading.

The stock market rises

The stock market rally suffered sharp morning losses of growth stocks. Major indexes closed away from their intraday lows despite several value-rich speculative stocks taking significant damage.

The Dow Jones Industrial Average fell 0.4% on Thursday Stock market trading. The S&P 500 lost 0.4%. The Nasdaq Composite is down 0.7% after dropping 1.8% for the day.

Apple stock fell 0.9%, down further from the 50-day and 10-week lines, as its weekly loss swelled to 4.2%. Microsoft stock is down 0.2%, still within buying range. Google shares fell 0.8%, near record highs.

Nvidia shares fell 0.5% to 593.16, above an official buy point of 587.76. It comfortably stays above the most executable 660.07 entry level.

Nio stock lost 5% to 54.43, triggering sell signals for recent buy points. The stocks found support at the 50 day line and could make a new entry again.

DDOG rose 3.2% on Thursday, but is still down 5.7% for the week. Datadog flashes sell signals on Wednesday. PLTR shares sank 7%. Palantir looks badly damaged.

between the The best ETFs, The Innovator IBD 50 ETF (fifty(Down 0.5%, while the Innovator IBD Breakout Opportunities ETF declined)fitDown 1.7%. IShares Technology and Software Extended Fund (ETF)IGV) Down 0.3%, with MSFT being the largest. (VanEck Vectors Semiconductor Foundation)SMH1.1% sank, NVDA stock was a prominent component.

Read The Big Picture Every day to keep up with the market trend, stocks and leading sectors.

Market Rise Analysis

The stock market rally is in a moderately weak trend, showing the elements of a broad downturn as well as the sector spinning out of growth.

During the day, the Nasdaq index fell just above the 21-day exponential moving average, as it began to trim losses. The 21-day streak was a major area of ​​support for the Nasdaq during the April-November stock market rally in addition to the current bullish trend. The Nasdaq may quickly recover to record highs or trade sideways in its current range for some time. But at some point, the boat will decisively breach its 21-day streak and test or break the 50-day streak.

While the Nasdaq has suffered relatively modest losses this week, many leaders have fallen sharply. Nio shares are down 9.4%, and Palantir is 21%. Yalla (YALA), A social media initial public offering focused on the Middle East that nearly tripled in 2021 by its peak on February 12, is down 31% this week.

Test your portfolio stress

Investors should create a game plan for their individual holdings, and an exit strategy for expanding positions. But they should also plan for a general downturn in the market. Consider what happens to your overall business portfolio. While most of your stocks may hold individually, if they are all down by 2%, 5% or more, it will affect your portfolio, especially if you are on the margin.

So test your portfolio stress. At what point are you downsizing your portfolio just because your portfolio is up to 5%, 10% or more with a weak market?

Identify your staples and short-term plays. In the event of a market downturn, cut your non-core positions first, assuming your underlying holdings are performing well.

One argument for taking some profits when the market is stretched, particularly in non-core holdings, is that this eases difficult decisions about selling on a pullback. It’s hard to sell just to watch the market bounce back. But if you don’t make any selling by the time the Nasdaq is down, say, 5%, and the market continues to decline, your capital losses may increase.

Please follow Ed Carson on Twitter at IBD_ECarson Stock market updates and more.

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